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20130206
20130206
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on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the u.s. postal service announced today it plans to end saturday mail delivery beginning in august. under the plan, post offices already open on saturdays will remain so. packages will also continue to be delivered on saturdays. but home and business mail would end. the move would save an estimated $2 billion annually. the postal service ended the last budget year with a record loss, nearly $16 billion. today's decision was criticized by several members of congress who may try to overule the agency. and the head of the letter carrier's union called the move "a disastrous idea that would have a profoundly negative effect." joining us now is postmaster general patrick donohoe. and welcome to you. you spoke today being in a "very scary position financially." how scary? >> well, here's where we are right flow. now. as you mentioned we had a pretty subst
to your pbs station from viewers like you. thank you. >> brown: the u.s. postal service announced today it plans to end saturday mail delivery beginning in august. under the plan, post offices already open on saturdays will remain so. packages will also continue to be delivered on saturdays. but home and business mail would end. the move would save an estimated $2 billion annually. the postal service ended the last budget year with a record loss, nearly $16 billion. today's decision was criticized by several members of congress who may try to overule the agency. and the head of the letter carrier's union called the move "a disastrous idea that would have a profoundly negative effect." joining us now is postmaster general patrick donohoe. and welcome to you. you spoke today being in a "very scary position financially." how scary? >> well, here's where we are right flow. now. as you mentioned we had a pretty substantial loss last year and those were accounting losses. $11.1 billion of the $15.9 is attributed to prepayment for retiree health care that we didn't pay. we defaulted. you have
Search Results 0 to 1 of about 2

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